|Change: offered +100% / raised +60% / placed 80%|
|XDATA – October 15th 2015|
|Triad Semiconductor re-opened and upped its equity financing to $10 million from $5 million after selling additional securities. An additional $3 million worth of securities was placed by the company with ten investors since the company last released data almost a year ago. This brings to $8 million the amount raised from the thirteen backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. The company closed seven unregistered private placements which raised an estimated $17.72 million.|
|The company is the designer of ViaASICs that combine silicon-proven analog and digital resources onto application specific integrated circuits (ASIC) die that are configured with a single via-only mask layer change. This approach to custom silicon design reduces development cost, development time, and is easier and less risky than traditional full-custom integrated circuit (IC) design. The company is backed by Development 72.|
|The company, headquartered in Winston Salem NC, is led by Lynn A Hayden (President and CEO). Revenues on or below $25 million were reported by Triad Semiconductor.
The executive team includes James Kemerling and Mark Goode.
The board of directors includes Adrius Pranskevicius, Daniel Cheadle, David Bell, Dean Woodman, John Williammee, Kk Ma, Paul White, Robert Fay and William Pratt.
The company has raised an estimated total of $25.72 million via private unregistered security offerings.
Status: Intermediary close
Company: Triad Semiconductor
Industry: Other Technology
Amount offered: $10 million
Amount placed: $8 million
SEC filing: Source
First sale: 09-23-2014
Data as of: 10-15-2015
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